Fuel Prices
:: April fuel price increases to be staged. Fuel duty will rise by a penny in April, followed by a further 1p rise in October and the remainder in January.
:: April fuel price increases to be staged. Fuel duty will rise by a penny in April, followed by a further 1p rise in October and the remainder in January.
Stamp duty
:: Stamp duty threshold for first-time buyers doubled to £250,000 from midnight, for this year and next.
:: Stamp duty increased to 5% for properties over £1m from April.
:: Stamp duty threshold for first-time buyers doubled to £250,000 from midnight, for this year and next.
:: Stamp duty increased to 5% for properties over £1m from April.
Children:
Parents of one- and two-year-old children will be helped by increasing by £4 a
week money paid through Child Tax Credit from 2012.
Parents of one- and two-year-old children will be helped by increasing by £4 a
week money paid through Child Tax Credit from 2012.
Pensioners
:: The pensioners' higher Winter Fuel Payment of £250, and £400 for the over-80s, will be guaranteed for another year.
:: The pensioners' higher Winter Fuel Payment of £250, and £400 for the over-80s, will be guaranteed for another year.
Alcohol & Tobacco
:: Duty on cider will increase by 10% above inflation from midnight on Sunday.
:: Duty on beer, wine and spirits will increase as planned from midnight on Sunday. Alcohol duties will also increase by 2% above inflation for two further years from 2013.
:: Tobacco duty to rise from today by 1% above inflation and then increase by 2% in real terms each year until 2014.
:: Duty on cider will increase by 10% above inflation from midnight on Sunday.
:: Duty on beer, wine and spirits will increase as planned from midnight on Sunday. Alcohol duties will also increase by 2% above inflation for two further years from 2013.
:: Tobacco duty to rise from today by 1% above inflation and then increase by 2% in real terms each year until 2014.
Taxes
:: Inheritance tax threshold to be frozen for a further four years
:: 1p increase in NI contributions to be waived for those earning under £20,000.
:: Those earning over £100,000 a year - the top 2% - will have value of their personal allowances gradually removed.
:: Tax relief on pensions will be restricted from next year, but only for those with incomes above £130,000 a year.
:: Inheritance tax threshold to be frozen for a further four years
:: 1p increase in NI contributions to be waived for those earning under £20,000.
:: Those earning over £100,000 a year - the top 2% - will have value of their personal allowances gradually removed.
:: Tax relief on pensions will be restricted from next year, but only for those with incomes above £130,000 a year.
Business
:: Annual investment allowance doubled to £100,000.
:: Business rates cut for one year from October, bringing tax reduction for over 500,000 small businesses.
:: Entrepreneurs' relief for Capital Gains Tax will be doubled to £2m on which the lower rate of 10% will be taxed.
:: Annual investment allowance doubled to £100,000.
:: Business rates cut for one year from October, bringing tax reduction for over 500,000 small businesses.
:: Entrepreneurs' relief for Capital Gains Tax will be doubled to £2m on which the lower rate of 10% will be taxed.
Mortgage support
:: The Support for Mortgage Interest scheme will continue at the higher rate for another six months.
:: The Support for Mortgage Interest scheme will continue at the higher rate for another six months.
Savings
:: From next month, annual ISA limit will rise from £7,200 to £10,200 and ISA limits will increase annually in line with inflation.
:: From next month, annual ISA limit will rise from £7,200 to £10,200 and ISA limits will increase annually in line with inflation.
Young workers
:: No-one under 24 will need to be unemployed for longer than six months without being offered jobs or training. Offer extended to March 2012.
:: No-one under 24 will need to be unemployed for longer than six months without being offered jobs or training. Offer extended to March 2012.
Older workers
:: Tax credit support for older workers to be extended. To make it easier for those over 60 to receive working tax credit, the Government will reduce the minimum hours they need to work to be eligible.
:: Tax credit support for older workers to be extended. To make it easier for those over 60 to receive working tax credit, the Government will reduce the minimum hours they need to work to be eligible.
Banking services
:: A guarantee that everyone in Britain can have access to a basic bank account.
:: A guarantee that everyone in Britain can have access to a basic bank account.
Investment
:: Help to be offered to the computer games sector similar to the aid given to the British film industry.
:: The Government will set up a £35 million University Enterprise Capital Fund to
support university innovation and spin-out companies.
:: To boost a low-carbon economy, the Government will set up a new Green
Investment Bank, controlling £2 billion of equity.
:: Motor industry supported to develop electric cars.
:: The Chancellor said he would provide £100m to pay for vital repairs to local roads throughout the country following the recent bad weather and £285m to pay for improvements on motorways.
:: Help to be offered to the computer games sector similar to the aid given to the British film industry.
:: The Government will set up a £35 million University Enterprise Capital Fund to
support university innovation and spin-out companies.
:: To boost a low-carbon economy, the Government will set up a new Green
Investment Bank, controlling £2 billion of equity.
:: Motor industry supported to develop electric cars.
:: The Chancellor said he would provide £100m to pay for vital repairs to local roads throughout the country following the recent bad weather and £285m to pay for improvements on motorways.
Growth Package
:: A £2.5bn one-off growth package to help small business, promote innovation, invest in national infrastructure and key skills. Paid for by switching spending from within existing allocations and the extra proceeds from the tax on bank bonuses
Source: SKY News
No comments:
Post a Comment